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FCA Levies £5.8M Fine Against Ghana International Bank

24 June 2022 alastair walker 0

Latest from the FCA; The FCA has fined Ghana International Bank Plc (GIB) £5,829,900 for poor anti-money laundering and counter-terrorist financing controls over its correspondent banking activities. GIB provided correspondent banking services to overseas banks. […]

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Insurance Brokers

Zurich Streamlines International Programs

17 June 2022 alastair walker 0

Zurich Insurance Group (Zurich) is digitalizing its International Programs business using state-of-the-art technology to streamline stakeholder interaction globally. The transformation of the Group’s International Programs workflows will significantly enhance the customer and broker experience and […]

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Insurance Regulation

IDF Launches Three Key Initiatives

15 June 2022 alastair walker 0

The Insurance Development Forum (IDF) recently announced a trio of key efforts launched during the IDF Summit 2022, which was convened at the Swiss Re Centre for Global Dialogue in Rüschlikon, Zurich, Switzerland on 13th and […]

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Global insurance trends

Deals: HDI International Buys Sompo Seguros Retail

24 May 2022 alastair walker 0

HDI International AG, a subsidiary of Talanx Group, is strengthening its operations in its core market Brazil through the acquisition of the retail business of Sompo Seguros S.A. This acquisition enables HDI Seguros S.A. in Brazil to gain scale in motor and […]

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Insurance Brokers

Coverys International Launches in Ireland

2 May 2022 alastair walker 0

Coverys has announced the launch of Coverys International Insurance Company based in Dublin, Ireland.   Coverys International will write a portfolio of European specialty liability business primarily distributed through the group’s pan-European network of MGA companies that includes […]

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Insurance Regulation

FCA Fines GAM International £9m

30 March 2022 alastair walker 0

Latest from the FCA; The Financial Conduct Authority (FCA) has fined asset manager GAM International Management Limited (GIML) £9,103,523 for failing to conduct its business with due care and attention and failing to adequately manage […]

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News

Insurers, Brokers & Supplier Companies Celebrate International Womens Day

8 March 2022 alastair walker 0

Insurance brands and associated supplier network companies have been marking International Womens Day. Here’s a round up of some of the comments. LEXISNEXIS Louise Johnson, director of product management, insurance, LexisNexis Risk Solutions, Insurance, UK and […]

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News

Insurers Face New Reporting/Investment Standards After COP26

15 November 2021 alastair walker 0

Some comment and reaction to COP26 pledges to spend more money on a `just transition’ policy across the developing world; UK and European Corporate Leaders Groups Director Eliot Whittington said: “Glasgow has triggered a wave of […]

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